Cargill renews partnership with IFC to further empower cocoa producing cooperatives

IVORY COAST – Global agribusiness company Cargill has renewed partnership with the International Finance Corporation (IFC) to introduce new initiatives to strengthen cocoa producing cooperatives and their communities through an improved Coop Academy 2.0 program. […]

Côte d’Ivoire, Ghana cocoa farmers to reap from the newly introduced premium living income

WEST AFRICA – Ghana and Côte d’Ivoire have agreed to sell cocoa with a premium Living Income of $400 a tonne added to the price in a bid to address a perceived imbalance between farmers’ […]

World’s leading cocoa producers agree on ‘additional’ US$400 income for farmers

COTE D’IVOIRE – Ghana and Cote D’Ivoire, the world’s leading cocoa producers accounting for 65% of global cocoa output, have firmed up on their decision on the cocoa floor with a follow-up meeting in Abidjan. […]

Nigeria’s Agro Traders Limited to get US$5.55m to boost cocoa exports

NIGERIA – Agro Traders Limited, a Cocoa processing and export company in Nigeria is set to receive US$5.55 million (N2bn) to boost cocoa processing and exports. The funding will be provided by Nigeria Incentive-Based Risk […]

Foundation unveils five year plan to revive Nigeria’s cocoa sector

NIGERIA – Foundation for Partnership Initiatives in the Niger Delta (PIND) has unveiled a five-year plan to revitalise Nigeria’s cocoa sector aimed at increasing productivity. The Executive Director, Dr. Dara Akala, said that the initiative […]

Barry Callebaut, Cameroon intensify collaboration to boost cocoa supply

CAMEROON – Barry Callebaut, a global chocolate and cocoa products manufacturer, and Cameroon have signed a letter of intent to intensify the cooperation on sustainable cocoa farming in the country. The chocolate manufacturer will particularly […]

AgDevCo invests US$3m to boost organic cocoa sourcing in Sierra Leone

SIERRA LEONE – AgDevCo has entered into a US$3 million investment with Tradin Organic, a global organic ingredients supplier, to enhance organic cocoa sourcing in Sierra Leone. The investment in Tradin Organic will allow sourcing […]

Barry Callebaut achieves traceability of a third of its global cocoa volume

SWITZERLAND – The Swiss cocoa and chocolate company, Barry Callebaut has said that it has established traceability for a third of its global cocoa volume, bringing it closer to achieving its ambitious cocoa sustainability goals. […]

Ghana seeks US$300m to prop up underperforming cocoa regulator

GHANA – Ghana has embarked on engaging lenders as it seeks to raise US$300 million in credit to support the country’s cocoa regulator, Cocoa Board (COCOBOD), which has been struggling with losses. Ghana Cocoa Board, […]